GPBUSD Trade Idea Bearish Shark Pattern

25 Mar 2018

CHART TIMEFRAME: H4

PATTERN: Bearish Shark Pattern

PREDICTED PRICE ACTION: Bearish Shark Pattern would be completed at D 1.44120. On the Daily chart, we have Bearish Black Swan pattern which would be completed at 1.44300 as shown in the below:



TRADE: SHORT

AREA OF ENTRY: 1.44100 – 1.44450

STOP LOSS: 1.45100

TAKE PROFIT 1: 1.43420

TAKE PROFIT 2: 1.42800

NOTE: We need to see the Daily Closing of the price. Wait for the price reaches the area of entry. Daily closing above the area of entry would invalidate the setup.

Keep your risk limited 1% of your account size.

DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.